From the Financial Times this weekend

Solo Oil , which is chaired by David Lenigas, rose 15.4 per cent to 0.75p on talk it was close to announcing its first deal.

I'm on board this morning..good story developing here (imho) ... onwards and upwards... anyone else in ?

bought some more this morning..too good to miss at these levels?

Think i'll hold on for now, 10,000,000 sell just gone through, or was that you Skyhigh??

Only a matter of time before the buyers are back.

An article I bumped into on uk-analyst. It's the Growth Equities and Company Research report.

Appointed Astaire.

Looks like they might well try to do a fund raising before the Likonde-1 result, just in case its a duster.

Probably going to see weakness now in the price ?

Evil Knievil on www.uk-analyst.com ...I also bought 3m Solo* (SOLO) at 0.6p this morning. Its main prospect has spudded......apparently, Solo shares are out of kilter with Aminex (AEX) and should be 1p...

Bought some more this morning....SP should strengthen over the next few weeks as we get nearer important RNSs etc., (imho)

Strong rise today.

blue pills..???

Nice rise ! ... I sold my PXS (6 bagger for me) earlier this wk and bought some more SOLO at .0053p.... more to come methinks in the run up to the next batch of RNSs ....onwards and upwards !

Be prepared for one hell of a drop in the event of a duster...far more so than Aminex and Tullow oil...

Faites vos jeux...messieurs, dames.....rien ne vas plus a 16.30 heure anglaise !.

How nice to see you mr Bond ...would you like to play with mrs Ping.... as in ping pong.....by the way where is Goldfinger ?.....don't see much of him on the risky ones....

you been on the elderberry wine rf.....

I think you might be right, it should be "miss Ping" !.

And I've bought a few of these.....oh!, we'll all go down the pan together....

articles (or should i say a few lines) for solo near bottom of these links:
http://www.reuters.com/article/idUSLDE61J01M20100220?type=marketsNews

http://business.timesonline.co.uk/tol/business/markets/article7034451.ece

from another bb:
'morning oilers

listen to me very very carefully i shall say this only once...

suddenly everyone is interested in SOLO - as many know i've held from before the placing first buying last summer, i've read all the facts, the rumours, the lies the half truths - all the ramps and de-ramps - i've argued with many - i was even told shouldn't i be ashamed for "getting people to buy" when the placing happened, i've watched the trade flow day in and day out - every mm on level 2 - every shake, every fall, every false dawn...i have not ramped this - i've even been accused recently of being a de-ramper when i tried to explain that fair value on estimated was not as high as someone suggested.

1.This is now a hot stock.

2.Lots of people are buying in on momentum with little or no research.

3.There is lots of noise and misinformation.

4.Buys for SOLO tend to happen below mid - trade data is always always inaccurate.

5.If the FT can get it wrong then you need to read all the rns for solo - understand the exact nature of the risk , how much debt does the co have - if any, how much cash does the co have if any, what is the asset they own? is there any geological oil positive evidence in the area where they own the asset?



solo own 12.5% of Likonde-1 and the right to participate in the Ruvuma psa at a cost of 12.5% for a stake of 12.5% on any further drilling.

There is currently only 1 well - likonde-1 , AEX have provisionally scheduled a follow up in Q4 2010.

Tullow estimate it's 151 mill recoverable IF they find oil.

AEX reckon they will get more than 5 usd pb.

You do the math. 151 mill times 12.5% divided by 1.54 (gbp/usd) times 5 divided by 2,080,000,000 shares. Obviously more than 5 usd means this is the minimum fair value. Then add 1 usd for an incremental sp projection. If it's 8 usd ? Of course some keep saying its only 3.

At 3 usd i get a sp of 1.76p

At 5 usd i get a sp of 2.95p

At 8 usd i get a sp of 4.71p

obviously along with the amount of oil recoverable the key driver of value is the profit per barrel.

So if they find what they've estimated and get the minimum profit ber barrel ..of course they may need to drill more wells to get at so that increases the cost and lowers the return however we would need to know the cost of a 2nd well. if the cost to solo is 2 mill gbp (they have 4 mill cash and if they find oil 950k from directors hydrocarbon dependant opitions) then revise the above as follows

At 3 usd i get a sp of 1.66p

At 5 usd i get a sp of 2.85p'

Thanks for that Gibby....it's still a big gamble, that's why I have 95% in AEX and just 5% in SOLO....

rf - no probs - you are right big gamble - initially i was going to split around 70% aex / 30% solo - through greed i have increased my solo % and decreased aex - your option is the most sensible & safest if you can call anything safe here - but i just have a feeling higher % will come from solo - barring a disaster both should do very well

Might be an rns update this monday 7am...fingers crossed for some positive news.